Costa Rican regulator proposes reduction in fuel prices
The Public Services Regulatory Authority (ARESEP) proposed a reduction of national fuel prices by ₡63 per liter that could be enacted in the coming months.
According to ARESEP, the National Oil Refinery (RECOPE) is expected to earn a ₡62 billion surplus ($124 million) for 2011. Given the large surplus, ARESEP is proposing that RECOPE reduce fuel prices from September to December of this year or “in the immediate short term.”
If the reductions are to be approved, the rate for super gasoline would be reduced from ₡712 to ₡649 per liter, “plus” gasoline from ₡691 to ₡627 per liter and diesel from ₡653 to ₡589 per liter.
You may be interested
IMF approves $1.8 billion loan for Costa RicaThe Tico Times - March 1, 2021
The IMF approved a 36-month credit agreement for $1.778 billion dollars with Costa Rica, the entity reported Monday, which immediately…
Immigration to headline talks between Biden, Lopez ObradorAFP - March 1, 2021
The flow of migrants and trade, legal and illegal, across the US-Mexican border will be the focus Monday when President…
Costa Rica has administered nearly 150,000 vaccine dosesAlejandro Zúñiga - March 1, 2021
Costa Rica has administered 149,812 doses of the Pfizer/BioNTech coronavirus vaccine, the Presidency said Monday. The nearly 150,000 jabs mean…